Federal-Mogul Sells Off TCI

Federal-Mogul Corporation has completed the divestiture of its torque converter business, TCI, to Competition Cams, Inc.
TCI remanufactures torque converters for high-performance automotive aftermarket applications. TCI became a part of Federal-Mogul when the company purchased Fel-Pro in 1998.
TCI had net sales of approximately $12 million in 2000. The business has approximately 90 employees in Ashland, Mississippi, and a small engineering office in Brighton, Michigan.
“We are pleased that the TCI team is joining a company that offers them growth and opportunity,” said Federal-Mogul president and CEO Chip McClure. “We wish them well as members of Competition Cams.”